$XAU Here’s a clear XAU/USD (Gold) analysis with Support, Resistance, TP & SL 👇
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📊 XAU/USD Analysis (Gold)
🔹 Trend:
Overall trend: Bullish
Currently: Pullback / consolidation phase
Market still holding higher low structure
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🔻 Support Levels:
1st Support: 2320
2nd Support: 2300
Strong Support Zone: 2280 – 2290
👉 If price stays above 2300 → bullish continuation expected
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🔺 Resistance Levels:
1st Resistance: 2350
2nd Resistance: 2380
Major Resistance: 2400
👉 Break above 2380 → strong bullish move
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📈 Buy Setup:
Entry: 2315 – 2325
Take Profit (TP):
TP1: 2350
TP2: 2380
Stop Loss (SL): 2295
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📉 Sell Setup (Rejection Trade):
Entry: 2370 – 2380 (if strong rejection)
Take Profit (TP):
TP1: 2340
TP2: 2310
Stop Loss (SL): 2405
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⚠️ Important Tips:
USD strength (DXY) directly impacts Gold
News events like NFP / Interest Rates / CPI = high volatility
Always wait for confirmation (breakout or rejection candle)
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